Daiwa Securities Group Inc. Has $11.13 Million Stake in Altria Group, Inc. (NYSE:MO)

Daiwa Securities Group Inc. boosted its position in Altria Group, Inc. (NYSE:MO - Free Report) by 11.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,085 shares of the company's stock after buying an additional 22,815 shares during the period. Daiwa Securities Group Inc.'s holdings in Altria Group were worth $11,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in MO. Aviance Capital Partners LLC boosted its stake in shares of Altria Group by 0.5% during the 3rd quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company's stock worth $2,060,000 after acquiring an additional 191 shares in the last quarter. Delta Investment Management LLC grew its holdings in Altria Group by 2.9% in the second quarter. Delta Investment Management LLC now owns 7,064 shares of the company's stock valued at $322,000 after purchasing an additional 198 shares during the period. Scarborough Advisors LLC increased its position in shares of Altria Group by 18.5% in the second quarter. Scarborough Advisors LLC now owns 1,283 shares of the company's stock valued at $58,000 after buying an additional 200 shares in the last quarter. American Institute for Advanced Investment Management LLP raised its stake in shares of Altria Group by 3.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company's stock worth $299,000 after buying an additional 200 shares during the period. Finally, Ridgecrest Wealth Partners LLC grew its stake in Altria Group by 3.5% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company's stock valued at $299,000 after acquiring an additional 200 shares during the period. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Trading Up 0.0 %

Shares of MO traded up $0.02 during mid-day trading on Monday, reaching $56.75. The company had a trading volume of 13,565,018 shares, compared to its average volume of 9,727,461. The firm has a fifty day simple moving average of $51.97 and a 200-day simple moving average of $49.81. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $57.20. The stock has a market cap of $96.17 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 3.23 and a beta of 0.64.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. Altria Group's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share. As a group, equities analysts predict that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on MO. Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Altria Group from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. UBS Group increased their price objective on Altria Group from $39.00 to $41.00 and gave the company a "sell" rating in a research note on Monday, September 9th. Finally, Bank of America decreased their price target on shares of Altria Group from $57.00 to $53.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $51.33.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.